Gold Price Today In India: Yellow Metal Remains Volatile Amid Stock Market Crash, Check City-Wise Rates On April 07
Gold price today in India: Gold prices were trading higher by 0.14 per cent at 88,199 per 10 grams on the MCX for June 2025 contracts. However, it was down in the international spot market.
Gold And Silver Rates Today in India: On April 07, 2025, the price of gold continues to remain volatile in the spot market amid profit-booking and the escalation of the global trade war after China’s retaliatory 34% US import levies following ‘reciprocal tariffs’ by the US. Gold prices fell in the international market, while they rose in the domestic futures market on the MCX.
In the futures trade, gold prices were trading higher by 0.14 per cent at 88,199 per 10 grams on the MCX for June 2025 contracts. Silver was also trading up by 1.47 per cent at 88,490 per kg.
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In Mumbai, the spot gold price fell to Rs 82,850 per 10 grams for 22-carat and Rs 90,380 per 10 grams for 24-carat on Monday. The price of silver also declined by Rs 4,900 to Rs 94,000 per kg in the morning on Monday.
The jump in bullion prices on the MCX comes as the stock market on Monday witnessed a crash with both NSE Nifty and BSE Sensex opening by over 3.5 per cent down to hit 10-month lows on April 7.
The BSE Sensex on Monday crashed 3,939.68 points to 71,425.01 in the opening trade, the NSE Nifty tumbled 1,160.8 points to 21,743.65.
In the international market, gold prices fell on Monday to their lowest levels in more than three weeks, continuing their retreat amid a wider market sell-off, as investors dumped bullion to cover losses in other trades on fears of a global recession due to an escalating trade war.
Spot gold was down 0.1% at $3,034.02 an ounce, as of 0537 GMT. Earlier in the session, bullion dropped more than 1% to its lowest point since March 13. US gold futures rose 0.5% to $3,051.00.
Here’s a detailed breakdown of gold prices across key cities (April 07, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 83,000 | Rs 90,530 |
| Jaipur | Rs 83,000 | Rs 90,530 |
| Ahmedabad | Rs 82,900 | Rs 90,430 |
| Patna | Rs 82,900 | Rs 90,430 |
| Mumbai | Rs 82,850 | Rs 90,380 |
| Hyderabad | Rs 82,850 | Rs 90,380 |
| Chennai | Rs 82,850 | Rs 90,380 |
| Bengaluru | Rs 82,850 | Rs 90,380 |
| Kolkata | Rs 82,850 | Rs 90,380 |
Silver Price In India Today (April 07, 2025)
The price of silver declined by Rs 4,900 to Rs 94,000 per kg in the morning in the spot market, according to goodreturns.in.
“Gold and silver experienced extreme volatility last week, plunging sharply following the imposition of reciprocal trade tariffs by the United States on key trading partners. In retaliation, China levied a 34% tariff on U.S. imports, escalating trade tensions. Additionally, dovish commentary from the U.S. Federal Reserve Chairman further weighed on market sentiment. A weaker-than-expected U.S. non-farm payroll report for March added to the bearish momentum in precious metals. Silver posted its steepest weekly decline in five years," said Rahul Kalantri, vice-president (commodities) of Mehta Equities Ltd.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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